HFCL

MN Ventures Private Limited, a key promoter entity of telecom gear manufacturer HFCL Limited, has offloaded 4.03 crore equity shares, representing 2.79% of HFCL's total outstanding share capital. The shares were sold through open market transactions conducted on five separate dates: June 5, June 6, June 12, June 13, and June 16, 2025. This series of sales has resulted in a notable reduction in the aggregate shareholding of the promoter and promoter group in HFCL, as detailed in a regulatory disclosure to the stock exchanges dated June 16, 2025. Detailed Analysis of Share Sale The recent divestment by MN Ventures Private Limited has altered the shareholding structure of HFCL Limited. Here's a breakdown of the transaction and its impact: Seller and Quantum of Sale: The transaction involved the sale of 4,02,87,798 equity shares exclusively by MN Ventures Private Limited. This quantum represents 2.79% of HFCL's total share/voting capital. Impact on MN Ventures' Individual Holding: Prior to this sale, MN Ventures Private Limited held 27,38,65,000 shares, equivalent to an 18.98% stake in HFCL. After divesting 4,02,87,798 shares, its holding has been reduced to 23,35,77,202 shares, translating to a 16.19% stake. This signifies a direct decrease of 2.79 percentage points in its shareholding. Status of Persons Acting in Concert (PACs) Holding: The shareholding of the Persons Acting in Concert (PACs) associated with MN Ventures remained static through this transaction. Both before and after the sale by MN Ventures, the PACs collectively held 22,19,66,892 shares, maintaining their combined stake at 15.39%. The PACs include NextWave Communications Private Limited, Fitcore Tech-Solutions Private Limited, Vinsan Brothers Private Limited, Shanker Sales Promotion Private Limited, Mr. Anant Nahata, and Mr. Mahendra Nahata.